Pinnacle West Capital PNW is set to give its latest quarterly earnings report on Friday, 2022-02-25. Here's what investors need to know before the announcement.
Analysts estimate that Pinnacle West Capital will report an earnings per share (EPS) of $0.06.
Pinnacle West Capital bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat EPS by $0.21, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Pinnacle West Capital's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 2.79 | 1.58 | 0.25 | 0.04 |
| EPS Actual | 3 | 1.91 | 0.32 | -0.17 |
| Price Change % | 1.51% | 1.11% | 1.31% | -0.03% |
Stock Performance
Shares of Pinnacle West Capital were trading at $67.96 as of February 23. Over the last 52-week period, shares are down 4.39%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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